Wednesday, August 31, 2011

Trade Journal 8/31/11

ES market is in a critial area of Fib 50-61.8 % daily chart retrace. Bulls and bears are fighting and pushing price up and down voliteally. Over night took out Vader's swing short which had 10+ points.

I missed another good short call from 1219 to 1208. Need to get ready to take these calls as they often have good risk/reward.

Improved emotional management during trading. Much more calm now. Still need to work on stop lowering target in panic exit. Let stop order work. I missed too many full target trades.  

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